Menu
STANDARD DETUCTION OF 40000 FOR AY 2019-20
Sir i want to know how to take the standard deduction of ₹ 40000. that weather i should take it on 80C like (150000+40000=190000) or before 80C like gross salary - 40000. sir please give with a example.. with clear explanation. thank you.
Replies (2)
"weather i should take it on 80C like (150000+40000=190000)"
NO
"or before 80C like gross salary - 40000."
Correct......
Standard deduction of 40,000 will be available under section 16(i)(a)
Recent Topics :
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
Related Topics :
CAclubindia
